Following Tuesday’s confirmation that the Macdonald family are to sell their 52% stake in Glenmorangie, shares in the company jumped 25%. Companies thought to be interested include Brown-Forman, Barcardi, LVMH and Angostura, the Caribbean owner of Burn Stewart Distillers. The Macdonald family has announced that several bidders had already been found. The sale is thought to be worth up to £300m, but the company has stocks valued at £84m, which is only equivalent to their production cost. The company is thought to have this stock insured for £400m. Glenmorangie’s limited voting "A" shares rose 272 1/2p yesterday to £13.30, while the "B" shares rose to £21.12 1/2p, a jump of 425p.

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